Cobalt Company News Directory

Fortune Minerals Secures Final Water Licence For NICO Mine

Fortune Minerals Ltd. (TSX:FT,OTCQX:FTMDF) has announced that the Honourable J. Michael Miltenberger, Government of the Northwest Territories (GNWT), Minister of Environment and Natural Resources has granted Fortune final approval for the Type A Water License required for its NICO gold-cobalt-bismuth-copper mine and concentrator. The final licence was required to construct and operate the NICO mine.

Formation Metals to Adapt to Take Advantage of Electric Vehicle Battery Opportunities

Formation Metals Inc. (TSX:FCO) reported that over the last few months, Formation has actively pursued several opportunities relating to the significant increase in long term demand for cobalt being generated by the rechargeable battery sector. For batteries used in electric vehicles and hybrid electric vehicles, cobalt is one of the key materials used.